Sterne Agee CRT Cuts Price Target Following Burlington Stores (BURL) Q1 Results
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Burlington Stores, Inc. Announces First Quarter Fiscal 2015 Results
June 9, 2015 7:00 AM EDTNames Jennifer Vecchio as EVP/Chief Merchandising Officer
Reiterates Fiscal Year 2015 Guidance, inclusive of Hourly Wage Increase
For the Fiscal 2015 First Quarter vs. the Fiscal 2014 First Quarter:
Net sales rose 4.9%
Adjusted Diluted EPS rose 64% to $0.41, compared to $0.25 last year
Adjusted EBITDA margin increased by 40bps vs. last year
Comparable store inventory decreased 11% and turned 18% faster
BURLINGTON, N.J.--(BUSINESS WIRE)-- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded... More
Burlington Stores, Inc. Announces $200 Million Share Repurchase Program
June 9, 2015 6:59 AM EDTBURLINGTON, N.J.--(BUSINESS WIRE)-- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, today announced that its Board of Directors has authorized the Company to repurchase up to $200 million of its common stock. The repurchase program will be funded using the Companys available cash and is expected to be executed over the next 24 months.
Tom Kingsbury, Chairman, President and Chief Executive Officer stated: The decision by our Board of Directors to authorize this $200 million share repurchase program reflects their confidence... More
